Corporate failures: Declines, collapses, and scandals

Rebel Cole, Sofia Johan and Denis Schweizer

Journal of Corporate Finance, 2021, vol. 67, issue C

Abstract: Numerous collapses and corporate scandals of large corporations have underscored the impact of corporate conduct on capital markets and society as a whole. These failures have highlighted the need for regulators to rethink regulatory frameworks and enforcement, and for corporations to rework their organizational structures and focus on business ethics. Establishing a clear understanding of the drivers of corporate failure is therefore key. In this paper, we review recent research that extends the debate on the causes and consequence of corporate failures.

Keywords: Law and finance; Financial market misconduct; Fraud; Regulation; Trust (search for similar items in EconPapers)
JEL-codes: G12 G14 G18 K22 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:corfin:v:67:y:2021:i:c:s0929119920303163

DOI: 10.1016/j.jcorpfin.2020.101872

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